By Planet Retail2010-08-05T00:00:00+01:00
Lotte Shopping has reported strong results for the first half.
Gross sales rose 14% to KRW6.6trn (£3.7bn), while operating profit rose 31% to KRW590bn (£329m). Net profit grew 15% to KRW452bn (£252m).
Many retail businesses are intrinsically linked to and even defined by their founders, but what happens when it comes time for that person to stand aside? Retail Week looks at past successes and failures and what needs to be put in place to ensure the process goes smoothly.
Amazon’s latest tie-ups with Deliveroo and the Co-op show it is slowly tightening its grip on the UK grocery market by leveraging its sprawling network of Prime members.
H&M has reported a lower than expected recovery in sales in its third quarter as store closures from coronavirus restrictions around the globe continued to have an effect.
With both Tesco and Superdry pulling out of international ventures on the same day, Retail Week asks whether UK retail is scaling back its global ambitions.
The coronavirus crisis will wipe $2.1trn (£1.7trn) off of global retail sales in 2020, new data has predicted.
The coronavirus outbreak has sparked fears and headlines worldwide since emerging in the Chinese city of Wuhan at the start of the year.
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